How Currency Exchange Rates Affect Home Sales
Posted by Team Donovan on
If you’re in the market for a second home in the Orlando area, this is a good time to look at vacation properties. Over the last few years, buyers from Canada, Great Britain and elsewhere in Europe purchased second homes to use for vacations and as rental properties. Now, many of them are selling those homes and condos, and they're willing to negotiate with buyers to make a deal.Â
Many people who buy an investment home in Florida do so for a number of reasons. Some buy a second home to use as a destination for family vacations, some buy a home to provide additional income as a rental property, and others buy strictly as an investment, since real estate generally increases in value.
Non U.S. residents who buy a property in Florida are, in effect,…